NOUN | possession | secured bond | a bond that is back by collateral |
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Meaning | A bond that is back by collateral. | |
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Broader | bond, bond certificate | A certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money |
Opposite | unsecured bond, debenture, debenture bond | The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future |
Spanish | obligación con garantía, obligación garantizada | |
Catalan | obligació garantida |
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